MMYT Stock Analysis: Buy, Sell, or Hold?
MMYT - MakeMyTrip Limited
$61.78
4.83 (8.48%)
▲
5d:
+18.04%
30d:
+6.02%
90d:
+28.17%
HOLD
MODERATE Confidence
Analysis Updated: Jul 31, 2026 12:00 AM ET
Earnings: Aug 03, 2026
0d
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Interactive Price Chart (1 Month)
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Bottom Line:
📊 HOLD: MMYT shows mixed signals. Fine to hold existing positions. Not urgent to buy or sell.
📊 HOLD: MMYT shows mixed signals. Fine to hold existing positions. Not urgent to buy or sell.
Long-Term Wealth Forecast (2031)
Based on Analyst Consensus Growth & Historical Valuation
0% (Stagnation)
50% (Hyper Growth)
EST. PRICE IN 2031
$99.66
Based on 14.5% avg growth
INTRINSIC VALUE TODAY
$61.88
0.2% Margin of Safety
How this is calculated: We use a Growth Decay Model: starting with analyst consensus growth (adjusted above) and gradually slowing it down to a long-term terminal rate (4%) by Year 5. This provides a more realistic valuation than assuming constant hyper-growth. We then apply a 25.0x Exit PE.
In-depth Analysis How we analyze
Valuation Analysis: MMYT is currently trading at $61.78, which is considered extended relative to its 30-day fair value range of $52.36 to $58.41. The stock's valuation (Forward PE: 27.8) is in line with its historical norms (26.6). At these levels, the market is pricing in 1.5% annual earnings growth.
Technical Outlook: Technically, MMYT is in a uptrend. Immediate support is located at $48.34, while resistance sits at $65.00. The stock is showing strong short-term momentum, up 8.5% recently.
Market Sentiment: The stock shows a mixed technical setup (55/100), with neutral trendline and momentum signals. Wall Street analysts see significant upside, with an average price target of $71.90 (+26.3%). The stock is fairly positioned - fine to hold existing positions or accumulate slowly on dips, but not an urgent buy.
Technical Outlook: Technically, MMYT is in a uptrend. Immediate support is located at $48.34, while resistance sits at $65.00. The stock is showing strong short-term momentum, up 8.5% recently.
Market Sentiment: The stock shows a mixed technical setup (55/100), with neutral trendline and momentum signals. Wall Street analysts see significant upside, with an average price target of $71.90 (+26.3%). The stock is fairly positioned - fine to hold existing positions or accumulate slowly on dips, but not an urgent buy.
Quick Decision Summary
Current Position
EXTENDED
Historical Trading Range
$52.36 -
$58.41
Company Quality Score
59/100
(HOLD)
Volume Confirmation
HIGH
Confidence Score
54.3%
Protect Your Profits
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View Profit Protection PlanAll Signals
- BEARISH: Price extended above range (+5.8% above its trading range)
- NEUTRAL: Mixed technical signals (55/100)
- BULLISH: High volume confirmation
- BULLISH: Strong upward momentum (+8.5%)
- BULLISH: Trading 26.3% below Wall St target ($71.90)
- BULLISH: Expecting earnings turnaround to 1.5% growth with 1.9% revenue growth
Trading Range Analysis
30-Day Trading Range
$52.36 -
$58.41
Current vs Trading Range
EXTENDED
Support & Resistance Levels
Support Level
$48.34
Resistance Level
$65.00
Current Trend
Uptrend
Technical data as of
Aug 3, 2026
Fundamental Context
Forward P/E (Next Year Est.)
27.82
Wall Street Target
$71.90
(+26.3%)
Revenue Growth (YoY)
1.9%
Earnings Growth (YoY)
-55.1%
Profit Margin
5.0%
Valuation Premium vs History
+1.5% premium
PE vs Historical
27.8 vs 26.6
FAIR
Market-Implied Price Targets
If current PE multiple persists
Implied Growth (YoY):
+1.5%
(market-implied from PE analysis)
1-Year Target
$57.80
(+2%)
2-Year Target
$58.67
(+3%)
3-Year Target
$59.55
(+5%)
3-Yr Target (if PE normalizes)
(PE: 28→27)
PE COMPRESSION
$56.94
(0%)
Earnings growth offset by PE compression
3-Year Scenarios
Using analyst projected EPS growth
Bull:
(PE: 27.8, Growth: 27.1%)
$116.85
(+105%)
Base:
(SPY PE: 20.7, Growth: 27.1%)
$87.07
(+53%)
Bear:
(PE: 17.6, Growth: 27.1%)
$74.01
(+30%)
📈
Valuation based on Current Earnings
RECOVERY PLAY: Stock looks expensive now (96x PE), but valuation improves significantly next year (28x PE) as earnings recover.
Forward PE: 96.15 | Forward EPS (Implied): $0.59
Bull Case
$68.77
(+21%)
Analyst growth 15.0%, PE expands to 101.0
Base Case
$56.95
(0%)
Market implied 0.0%, PE stable at 96.2
Bear Case
$43.57
(-24%)
Severe decline -15.0%, PE contracts to 86.5
These are projections based on PE multiples and EPS growth scenarios, not predictions. Actual results may vary significantly.
Share & Embed Analysis
Last updated: August 03, 2026 4:59 PM ET
Data refreshes hourly during market hours. Next update: 5:59 PM
Data refreshes hourly during market hours. Next update: 5:59 PM
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Technical Signals Check
Is MMYT showing a specific setup today?
Insider Activity (6 Months)
0
Buys
0
Sells
0
Net
NEUTRAL
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